The First National Bank of Northfield in Northfield, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The First National Bank of Northfield in Northfield, Minnesota (MN)
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The First National Bank of Northfield - Overview

  • General
  • FDIC Certificate #: 5218
    Status: Active
    Federal Reserve ID: 782351
    Bank Holding Company (Regulatory Top Holder): Heywood Bancshares, Inc. (RSSDID: 3481776, Location: Northfield, MN)
    Date Established: December 31, 1872
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 3505
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 329 Division Street, Northfield, MN 55057
    County: Rice
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Faribault-Northfield, MN (#22060)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $126.2 mil
    Equity capital: $12.2 mil
    Deposits held in domestic offices: $113.8 mil
    Return on assets (ROA): 0.69% ($0.9 mil)
    Quarterly return on assets: 0.46% ($0.6 mil)
    Return on Equity (ROE): 7.70% ($0.9 mil)
    Quarterly return on equity: 4.80% ($0.6 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.69% ($870.9 mil)
    Quarterly Pretax return on assets: 0.46% ($580.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 36Total employees (full-time equivalent)
  • $126,219Total assets
  • $13,055Cash and due from depository institutions
  • $10,277Interest-bearing balances
  • $24,321Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $77,821Net loans & leases
  • $1,309Loan loss allowance
  • $0Trading account assets
  • $4,299Bank premises and fixed assets
  • $1,832Other real estate owned
  • $0Goodwill and other intangibles
  • $126,219Life insurance assets
  • $4,891All other assets
  • $113,970Total liabilities and capital
  • $113,847Total liabilities
  • $90,268Total deposits
  • $113,847Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $123Subordinated debt
  • $12,249All other liabilities
  • $12,249Total equity capital
  • $12,249Total bank equity capital
  • $0Perpetual preferred stock
  • $350Common stock
  • $1,850Surplus
  • $10,049Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,405Income earned, not collected on loans
  • $0Earning assets
  • $417Long-term assets (5+ years)
  • $112,419Average Assets, year-to-date
  • $26,092Average Assets, quarterly
  • $126,528Volatile liabilities
  • $128,080Insider loans
  • $80,399FHLB advances
  • $127,194Loans and leases held for sale
  • $2,525Unused loan commitments
  • $2,525Tier 1 (core) risk-based capital
  • $11,688Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,817Restructured Loans and leases
  • $2,812Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,576Total interest income
  • $914Total interest expense
  • $4,662Net interest income
  • $605Provision for loan and lease losses
  • $1,135Total noninterest income
  • $0Fiduciary activities
  • $388Service charges on deposit accounts
  • $0Trading account gains & fees
  • $747Additional noninterest income
  • $4,328Total noninterest expense
  • $2,339Salaries and employee benefits
  • $657Premises and equipment expense
  • $1,332Additional noninterest expense
  • $864Pre-tax net operating income
  • $6Securities gains (losses)
  • $2Applicable income taxes
  • $868Income before extraordinary items
  • $0Extraordinary gains - net
  • $868Net income attributable to bank
  • $0Net charge-offs
  • $868Cash dividends
  • $954Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.90%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 4.09%Net interest margin
  • 1.00%Noninterest income to earning assets
  • 3.80%Noninterest expense to earning assets
  • 0.68%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 0.69%Pretax return on assets
  • 7.70%Return on equity (ROE)
  • 7.70%Retained earnings to average equity (YTD only)
  • 1.17%Net charge-offs to loans
  • 63.42%Credit loss provision to net charge-offs
  • 1.54%Efficiency ratio
  • 74,659Assets per employee
  • 3.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 54.43%Noncurrent assets plus other real estate owned to assets
  • 3.36%Noncurrent loans to loans
  • 3.04%Net loans and leases to deposits
  • 68.36%Net loans and leases to core deposits
  • 70.41%Equity capital to assets
  • 9.70%Core capital (leverage) ratio
  • 9.19%Tier 1 risk-based capital ratio
  • 14.54%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $126,528Average earning assets
  • $11,274Average equity
  • $113,877Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03505The First National Bank Of Northfiel329 Division Street, Northfield, MN 55057December 31, 1872Full Service Brick and Mortar
    1207369Drive-In Branch523 Division Street, Northfield, MN 55057Febuary 10, 1973Limited Service Facility
    2470503Northfield Branch1611 Honey Locust Drive, Northfield, MN 55057December 15, 2007Full Service Brick and Mortar

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